What do economists mean when they state that a good is scarce? a. there is a shortage or insufficient supply of the good at the existing price. b. it is impossible to expand the availability of the good beyond the current amount. c. people will want to buy more of the good regardless of the price of the good. d. the amount of the good that people would like exceeds the supply freely available from nature.

Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is